Viacom, Inc. Plans Quarterly Dividend of $0.20 (VIAB)

Viacom, Inc. (NASDAQ:VIAB) declared a quarterly dividend on Thursday, March 8th, RTT News reports. Stockholders of record on Thursday, March 15th will be paid a dividend of 0.20 per share on Tuesday, April 3rd. This represents a $0.80 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Wednesday, March 14th.

Shares of Viacom (NASDAQ VIAB) remained flat at $$32.82 on Tuesday. The company had a trading volume of 563,125 shares, compared to its average volume of 4,759,944. The company has a market capitalization of $13,164.60, a P/E ratio of 6.58, a PEG ratio of 0.95 and a beta of 1.47. Viacom has a fifty-two week low of $22.13 and a fifty-two week high of $46.72. The company has a current ratio of 1.41, a quick ratio of 1.14 and a debt-to-equity ratio of 1.52.

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Viacom (NASDAQ:VIAB) last issued its quarterly earnings results on Thursday, February 8th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.09. The company had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Viacom had a net margin of 15.49% and a return on equity of 26.28%. The business’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period last year, the business earned $1.04 EPS. analysts anticipate that Viacom will post 4.04 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on VIAB shares. Loop Capital decreased their price target on shares of Viacom from $32.00 to $27.00 and set a “hold” rating for the company in a research note on Friday, November 17th. KeyCorp reissued a “hold” rating on shares of Viacom in a research note on Friday, November 24th. Pivotal Research reissued a “hold” rating and issued a $25.00 target price on shares of Viacom in a research note on Thursday, November 16th. Royal Bank of Canada raised shares of Viacom from an “underperform” rating to a “sector perform” rating and set a $35.00 target price for the company in a research note on Friday, February 9th. Finally, BidaskClub raised shares of Viacom from a “strong sell” rating to a “sell” rating in a research note on Friday, December 22nd. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $35.36.

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Viacom Company Profile

Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.